Every candidate studies differently, so Actual4Exams offers the Oracle Financials Cloud: General Ledger 2018 Implementation Essentials practice questions in three formats: a printable PDF, a desktop test engine for Windows, and an online test engine that runs in any browser. Pick the format that fits your routine for the 1Z0-1004 exam — or use all three together.
Oracle 1Z0-1004 Exam Overview:
| Certification Vendor: | Oracle |
|---|---|
| Exam Name: | Oracle Financials Cloud: General Ledger 2018 Implementation Essentials |
| Exam Number: | 1Z0-1004 |
| Exam Format: | Multiple Choice, Scenario-based Questions |
| Exam Duration: | 120 minutes |
| Exam Price: | USD $245 |
| Certificate Validity Period: | Oracle certification does not expire; credential version is tied to the product release year |
| Available Languages: | English |
| Passing Score: | 65% |
| Related Certifications: | Oracle Financials Cloud Certified Implementation Specialist |
| Real Exam Qty: | 80 |
| Sample Questions: |  |
| Exam Way: | Delivered through Pearson VUE testing centers and Oracle online-proctored exam delivery where available. |
| Pre Condition: | Oracle recommends hands-on experience implementing Oracle Financials Cloud General Ledger solutions and completion of relevant Oracle University training courses. |
| Official Syllabus URL: | https://education.oracle.com |
Oracle 1Z0-1004 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Intercompany Processing | - Perform Intercompany Reconciliation - Manage Intercompany Transactions - Configure Intercompany Organizations |
| Enterprise Structures | - Configure Chart of Accounts - Configure Trees and Hierarchies - Manage Value Sets - Manage Cross-Validation Rules |
| Reporting and Dashboards | - Smart View Integration - BI Publisher Reporting - Financial Reporting Center - Oracle Transactional Business Intelligence |
| Period Close | - Manage Accounting Periods - Monitor Close Status - Perform Close Processes |
| General Setup | - Manage Accounting Calendars - Configure Currencies - Configure Ledgers - Manage Legal Entities and Business Units |
| Journal Processing | - Manage Journal Approval - Create and Post Journals - Use Spreadsheet Integration - Configure Recurring Journals |
| Budgetary Control and Encumbrance Accounting | - Manage Funds Checking - Configure Budgetary Control - Configure Encumbrance Accounting |
| Subledger Accounting | - Configure Accounting Methods - Manage Accounting Rules - Transfer and Post Subledger Entries |
Oracle Financials Cloud: General Ledger 2018 Implementation Essentials (1Z0-1004) — Questions Candidates Actually Ask
The 1Z0-1004 exam, officially known as Oracle Financials Cloud: General Ledger 2018 Implementation Essentials, is the Oracle test that leads to the Oracle Financials Cloud certification at the Implementation Specialist level. Passing it validates the skills employers expect from a certified professional. It is also associated with related credentials such as Oracle Financials Cloud Certified Implementation Specialist.
The 1Z0-1004 exam contains 80 questions, and you have 120 minutes to complete them. Work out your per-question pace before test day, and flag slow items instead of stalling on them — time pressure, not knowledge, sinks many first attempts. Timed mock exams in the Actual4Exams test engines are the most reliable way to build that rhythm.
The passing score for the 1Z0-1004 exam is 65%, and the official registration fee is USD $245. If you miss the mark, a retake means paying the full fee again, so book your seat only when you are ready. A practical benchmark: score consistently above the passing line on timed practice tests before scheduling the real exam.
Oracle recommends hands-on experience implementing Oracle Financials Cloud General Ledger solutions and completion of relevant Oracle University training courses.
Entry requirements can change, so confirm the latest conditions on the official exam page: https://education.oracle.com.
Yes. A free PDF demo of the Oracle Financials Cloud: General Ledger 2018 Implementation Essentials questions is available, so you can check the question style and answer quality before you pay. Every purchase also includes 365 days of free updates, and if the product expires you can renew the update service at a 50% discount from your member zone.
If you take the corresponding 1Z0-1004 exam within 60 days of purchase and do not pass, you can apply for a full refund under the 100% Money Back Guarantee: submit a scan of your enrollment slip and your official Score Report (PDF) within 2 days of the exam date, and the claim is processed within 7 days. Attempts made within 3 days of purchase, downloads without an actual exam attempt, free materials, and expired orders are not eligible, and the candidate name must match the payer name. Prefer new material instead of a refund? You can exchange your purchase for two free products of equal value and keep the update service on your original product. As for delivery, the files are available for instant download and are also emailed to you within one minute of payment — if nothing arrives within 2 hours, contact customer service. There is no limit on how many computers you can install the product on.
The official Oracle Financials Cloud: General Ledger 2018 Implementation Essentials outline is organized into 8 domains. The first three are:
- Reporting and Dashboards
- Period Close
- Budgetary Control and Encumbrance Accounting
See the complete exam topics section above for the full outline and the weighting of every domain.
Oracle Financials Cloud: General Ledger 2018 Implementation Essentials Sample Questions:
Question 1
After loading your budget data into General Ledger Cloud, you can view budget balances using these features.
Which feature does not belong on the list?
A. Smart View
B. Account Monitor
C. Application Development Framework Desktop Integration Budget Balances Report
D. Account Inspector
Question 2
Which AMX builder method is most effective in routing the journals to the Accounting Manager when his subordinate, The General Accountant, enters a journal?
A. Supervisory level approval
B. Management Chain approval
C. Approval Groups
D. Cost center based approval
E. Dynamic Approval Groups
Question 3
Budgetary control for accounts 5020 and 5021 has a budget of $90,000USD each for the year 2012. The accounts also have balances on obligation of $10,000 USD for each and an expenditure of $20,000 USD for each. A Fund of $50,000 USD is available for account 5010 only. You have run the Encumbrance Year End Carry Forward process for obligation from the last period of the year 2012 to the first period of year 2013.
Which statement is true?
A. If you have included 5020 and 5021 in the encumbrance rule, then only the obligation of $10,000 USD will be carried forward
B. The Encumbrance Year End Carry Forward process will run for all the accounts to carry forward the general ledger balances
C. If you have included 5020 and 5021 in the encumbrance rule, the budget balances $90,000 USD, obligation $10,000 USD and expenditure $20,000 USD only will be carried forward.
D. If you have included 5020 and 5021 in the encumbrance rule, then budget balances $90,000 USD, obligation $10,000 USD, and expenditure $20,000 USD, and the funds available $50,000 USD will be carried forward
E. If you have included 5020 and 5021 in the encumbrance rule, then obligation $10,000 USD and expenditure $20,000 USD only will be carried forward.
Question 4
All of your subsidiaries can share the same ledger with their parent company and all reside on the same application instance.
They do perform intercompany accounting. What is Oracle's recommended approach to performing consolidations?
A. Use General Ledger's Financial Reporting functionality to produce consolidated reports by balancing segment where each report represents a different subsidiary. Any eliminating entries can be entered in yet another separate balancing segment
B. Use Oracle Hyperion Financial Management for this type of complex consolidation
C. Use General Ledger's Balance Transfer programs to transfer subsidiary ledger balances to the parent ledger, and then enter eliminating entries as a separate balancing segment in the parent ledger.
D. Define multiple ledgers for consolidation and report on ledger set
Question 5
Your enterprise structure has one ledger and two business units. Business unit one wants to enable budgetary control for Requisitioning only on Procure-to-Pay Business Functions and business unit two wants to enable budgetary control for Payable Invoicing only in Procure-to-Pay Business Functions. Which two statements are correct? (Choose two.)
A. While defining control for business unit two, enable control at Requisitioning and define the exceptions to only include invoicing
B. While defining control for business unit one, enable control at purchasing and define the exceptions to only include requisitioning
C. While defining control for business unit one, disable control for Purchasing, Payable Invoicing, and Receiving
D. Define budgetary control at ledger level and only encumbrance control at the business units
E. Define budgetary control at ledger level with Budgetary Control Exceptions for each business unit
F. Define control for business unit two to disable control for Requisitioning, Purchasing, and Receiving
Solutions:
| Question 1 Answer: C | Question 2 Answer: A | Question 3 Answer: D | Question 4 Answer: B | Question 5 Answer: A,C |
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